Carrier Plants and Accounting Applications Under TAS 16: Pistachio Sample

Abstract

Purpose: Shrinking the agricultural sector, experiencing drought and climate changes, and the possibility of a shortage of agricultural products in the future require the agricultural sector to be given importance in all its dimensions. Accounting practices in agricultural enterprises is one of the dimensions that should be emphasized in this respect. Pistachio cultivation, which is an important agricultural product of our country and accepted as a carrier plant in the context of the provisions of TAS 16 Tangible Fixed Assets Standard and TAS 41 Agricultural Activities Standard, is the subject of this study. The aim of the study is to reveal the principles regarding the accounting of carrier plants within the scope of TAS 16 Tangible Fixed Assets Standard. For this purpose, the processes related to the accounting of pistachio trees within the framework of the relevant standards are explained as a process with application examples. Design/Methodology/Approach – The normative research method was used in this study. Accounting practices have been developed using this method. Findings – The fact that the agricultural sector has some applications such as investment, export, import, depreciation and cost calculation of industrial enterprises necessitates the development of agricultural accounting applications. Enterprises that use tangible fixed assets that fall under the scope of carrier plants in agricultural production should make their accounting practices systematic and effective. Discussion – Although the publication of TAS 16 Tangible Fixed Assets Standard and TAS 41 Agricultural Activities Standards, which concern agricultural activities, is an important step in the development of agricultural expertise in accounting, the fact that the uniform chart of accounts is not updated in the same parallel may cause discussion of the accuracy of the accounting records.